St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-13
THE CHICAGO MARkET.
How Prices F1uctuated on the
Board of Trade Saturday.

Board OF Trade SATURDAY.
Special TO the Globe.
CHICAGO, Nov. 12.-The grain market
opened firm on strong and higher cables,
and an advance of 4@3sc was estab-
| liShed in wheat and corn during the
first hour. There was general buying
and very little property for sale. The
unloading of a large lire of corn broke
| that cereal 1S@4c, but the undertOne
was firm as rock. Provisions started
| in buoyantly with good many buying
orders in the hands of brokers and COM
mission merchants. Schwartz, Dupee
| d Co. undertook to sell a big line of
pork, but Armour Brothers took the
! market away from them. selling jan
uary down to S13 the first hour and May
| down to $3.50. Other products followed
| pork, January ribs declining TO $685.
! and January lard to S6.5715 @6.60. The
| corn market is developing great strength
| for variety of reasons. The local
stock of No. 2 is now down
| to 100000 bushels, and shippers
were bidding 4413c for cash corn to fill
orders. Receipts are getting smaller
! and commission men are getting letters
from country correspondents throughout
| the length and breadth of the corn belt
| that was visited by drought last summer
! certifying that the husking is not pam
ming out as well as expected. The
| farmers expectations were not eXtrava-
! CANT, but the yield is turning out 80 or
40 per cent less than the producers be-
| lieved themselves warranted i'll antici-
| pating, after making due allowance for
| injury. Feeders are bidding for corn in
| the country, and then the best market
is largely OverSold, particularly for May.
| Such thing as sharp advance in
corn was included in the list of bear
possibilities. To-day they are making
for corn with one accord. big anu little.
December andJanuary were rushed uptO
| the neighbOrhoOd Of 43c, and May APP
| preached the 47c market. Transactions
in May were heavy. The country orders
were more than usually mixed, as much
corn was sold for country account as
was bought probably. The close of the
market was strong at practically the
| outside. Wheat held with great firm
ness around 1870 for December, 1880
| 1890 for May. Cables were steady at
figures that enable shippers on this side
| to do business. Estimates of the visible
! supply vary from 100000 to 100000
| bu increase. The movement in the
| Northwest is heavy and shows no
signs of let up. The local
feeling cannot truthfully be de-
scribed as Lullish, but it certainly is
not bearish; dry weather over the win
ter wheat country is becoming an i'm
minent bull factor of Importance. Hogs
are coming toward the packing centerS
IN great numbers. Estimated receipts
at this point next week range from
$50, 900 to 100000 head, and estimates
for points west and northwest are on
corresponding scale. This was the UNI
DERIVING cause of weakness in proyiS-
ions to-day. Pork sold off q cents,
lard 10@15 cents and ribs Is cents.
There was an active trade and large
amount of product was sold by packers
and the local speculation longs. A rally
toward the close brought about half way
back up the hill. Estimated receipts
for Monday were: Wheat, $50 cars;
corn, 205 cars; oats, 142 cars; hogs,
80, 600 head.